Situation as of 30 July 2023 - Price action is around 3 MA lines - MA5/MA20/MA50 ==> very easy for bulls or bears to push through taking 3 MA lines at one go! - 108/109 has been a constant support past weeks! ==> Break below would mean quite some liquidity to push the sell down - Options statistics show a variation of 7% to 8% range play this week ==> Interestingly, it coincides with levels of 105 and 100!! - Bull flag fib retracement shows we are hovering around Fib 38.2 ==> can still be bullish if there is a push My approach/plays - Positive reaction from earnings ==> Sold puts will be safe so not much concern there. Existing sold puts will be good. - Negative reaction from earnings ==> Options statistics play means gap down to 105 and 100 and given the liqu
How to Use Options in Earnings Season?
Hi Tigers! Welcome to Tiger Options Hub! As an options trader, how would you use options to trade in earnings seasons? 【REWARDS】 Tons of Tiger coins, options commission free cards & stock vouchers are waiting for you! Click the link in blue for more details!
+ Follow
+35